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IRA rollover into two accounts
originally posted: 11/22/2006
reposted: 2/18/2011 This post has not
been recently reviewed or revised by the author and may be out of date.
If you notice an error or are in doubt, please send a new question by
email or ask for an update. Email asktony@tonynovak.com.
Q: I have pre-tax and after tax
contributions to my 401(k). Can I separate these in a rollover for
recordkeeping purposes?
A: While you can physically
separate your rollover money into two accounts, this does not affect
the tax properties of each account. Each
account would continue to be taxed in the same manner, and this would
defeat the purpose of your separating them in the first place.
Summary
More resources:
www.wealthmanagement.us.com
